Artson Engineering soars on winning Rs 1.26 bn Guwahati Airport contract

12 Jun 2024 CW Team

Artson Engineering's stock was locked at a 5% upper circuit, reaching Rs 184.60, following the company's announcement that it had secured a contract valued at Rs 1.26 billion from Guwahati International Airport. The contract entails the engineering and construction of an ATF Fuel Farm and Hydrant System at Guwahati International Airport.

Artson Engineering operates as a design, engineering, procurement, and construction company within the oil, gas, and hydrocarbon processing industry. It specializes in tankages, piping, and other mechanical packages, and it also undertakes structural fabrication works. The company operates two manufacturing facilities located in Nashik and Nagpur.

In Q4 FY24, the company reported a consolidated net profit of Rs 10.31 million, contrasting with the net loss of Rs 90.96 million reported in the corresponding quarter of the previous year. However, revenue from operations declined by 15.12% year-on-year, falling to Rs 240.87 million in Q4 FY24 from Rs 290.30 million in Q4 FY23.

Infrastructure Urban

06 Apr 2026

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..